Comments
Shares of InterGlobe Aviation , parent firm of IndiGo, fell nearly 5 per cent on Thursday after the airline designated the A320neo issue as one of the “revenue headwinds” of 2019-20.
The stock fell 4.47 per cent to trade at Rs 1,342.45 on the BSE. In early trade, it hit a low of Rs 1,337.50, down 4.66 per cent over its previous close.
On the NSE, the stock saw a decline of 4.87 per cent to Rs 1,337.40. During the morning session, it lost as much as 4.89 per cent to Rs 1,337.05.
With DGCA ordering IndiGo to replace all its A320neo aircraft with unmodified Pratt and Whitney (PW) engines by January 31, the airline on Wednesday designated this matter as one of the “revenue headwinds” of 2019-20, and said it is “likely to have an impact on future capacity”.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.